Tag Archives: debit cards

ABA Releases New Infographic on EMV Transition

To help bankers educate lawmakers, customers and the public about the growing security benefits of the switch to EMV chip technology in cards, ABA is today releasing a new infographic showing that consumers are “unquestionably safer” than before EMV’s widespread adoption.

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Fed Survey: Noncash Payments Total $178 Trillion

More than 144 billion noncash payments -- those made with debit or credit cards, ACH and checks -- were made in the U.S. between 2012 and 2015, totaling nearly $178 trillion, the Federal Reserve reported today in its triennial payments study.

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Fed: Debit Fraud Costs Jump 44 Percent in Two Years

Debit card-related fraud losses to merchants, cardholders and issuers rose from 2013 by 44 percent, reaching $2.41 billion in 2015, according to the Federal Reserve’s biennial survey of debit card issuers’ costs released today.

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Fed Q&A Interprets Durbin Amendment Routing on EMV

Under the Durbin Amendment, card networks cannot require merchants to allow debit cardholders to choose EMV chip application when one application routes to a single network, according to a Q&A added on Wednesday to the Federal Reserve’s Regulation II frequently asked questions page.

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